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3 years ago

What is true about the payments with closed-end credit?

Business

1 answer:

denis-greek [22]3 years ago

8 0

Answer:

C)They remain the same until the credit is paid off.

Explanation:

In a closed-end credit, borrower and lender agree on principal amount, interest rate and monthly payments. These features stay the same over time.

The most common types of closed-end credit are mortgages and car loans.

For example, if a person wants to buy a car on credit, they agree to pay a monthly amount, that includes both interest and principal payments, until the full amount is paid off in a specified date in the future. After the last payment, the right to ownership of the car is transferred from the borrower to the lender, closing the credit.

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Many people believe that pure monopolies charge any price they want to without affecting sales. Instead, the output level for a

irga5000 [103]

Answer: Option (d) is correct.

Explanation:

Correct Option: Marginal revenue equals marginal cost.

Pure monopoly is a market situation in which there is a single firm who are producing the goods and these goods are the close substitute. There is no other firm in the market. So, the monopoly firm is the price setter.

The output level that is produced by the profit maximizing monopoly firm is at a point where marginal revenue is equal to the marginal cost. It is the same profit maximizing condition that a competitive firm also utilize to find their equilibrium level of output.

3 0

3 years ago

You have determined the following data for a given bond: Real risk-free rate (r*) = 3%; inflation premium = 8%; default risk pre

vagabundo [1.1K]

Answer: 16%

Explanation:

Interest rate on long term treasury securities is calculated below using following formula:

Interest rate = Real risk-free rate + inflation premium + default risk premium + liquidity premium + maturity risk premium

= 3% + 8% + 2% + 2% + 1%

= 16%

Interest rate on long term treasury securities is 16%.

4 0

3 years ago

At Medallion Industries, variable cost per unit is budgeted to be $8.00 and fixed cost per unit is budgeted to be $5.00 in a per

natka813 [3]

Answer:

Total cost= $60,800

Explanation:

Giving the following information:

For 4,000 units:

Unitary variable cost= $8

Unitary fixed cost= $5

<u>First, we need to calculate the total fixed cost:</u>

Total fixed cost= 5*4,000= $20,000

<u>Now, we can determine the total cost for 5,100 units:</u>

Total cost= 5,100*8 + 20,000

Total cost= $60,800

6 0

2 years ago

What is the most likely reason some people avoid all carbohydrates in order to lose weight?

liberstina [14]

Answer:

People avoid carbohydrates, because they have a high calory density.

6 0

3 years ago

The chart indicates the roles of four individuals in the Transportation and Logistics career cluster.

Lady bird [3.3K]

Answer:

Amata is a Traffic Technician, Zeke is a Travel Clerk, Diego is an Automotive Master Mechanic, and Elina is a Logistics Manager.

Explanation:

Traffic Technician prepares graphs, charts, analyzes traffic control policies , plans, accident rates, etc.

Travel Clerk gives travel suggestions, guides, brochures, contacts hotels, motels, etc.

Automotive Master Mechanic tests drives vehicles , engines , repairs, replace, etc.

Logistics Manager deals with customers , sales , orders and shipping.

The Transportation, Distribution, and Logistics Career Cluster has seven career cluster pathways.

Transportation Operations
Logistics Planning and Management Services
Warehousing and Distribution Center Operations
Facility and Mobile Equipment Maintenance
Transportation Systems/Infrastructure Planning, Management and Regulation
Health, Safety and Environmental Management
Sales and Service

The other options given in the question are irrelevant and may not relate to the above 7 categories. For example there is no Shipping and Receiving Clerk.

8 0

2 years ago